It seems like everyone is, "Are you OK? Are you upset?" I'm like, "No, I'm really not." And no matter what you say, no matter how you explain the situation—for Robert [Duffy] and me, it's all really super positive. And if I weren't OK, I would be the first to say I'm not OK. I'm not good at hiding my feelings. I'm also not good at lying. I'm very open about everything. We're both really hopeful. We both really believe in what Mr. Arnault said, and we all made this choice. We signed our contracts for the changing [situation] in the Marc Jacobs company, with LVMH.

On where he will focus next:

I'm going to continue to work in Paris part of the year because it's beneficial for us. I'm going to continue to devote the amount of time I work on things like shoes and bags. Plus, I'll take on other things—the Sephora thing has gone super well and I'd like to devote more time to that. To be honest, there was a lot of time that I was in Paris over six months of the year that I was working on Marc Jacobs as well [as Vuitton], which is why we have an office there. At this moment, nothing has changed. The only thing is the Vuitton shows.

It's very different. I have this attitude about being this foreigner in Paris. It's sort of make believe in Paris. New York is very real to me—it's where I grew up, it's where my friends are, it's where I feel most comfortable. In Paris, I embraced the idea that I lived in this bubble and I always saw Paris the way I wanted it to be…I don't need to know about politics, I don't need to know about the economy. I just see what I want to see. I live in this beautiful home on the park that overlooks the Eiffel Tower. I go to work…I make beautiful stuff and then somebody else decides what's being made, what's being shipped. There isn't tension. I saw just what I liked, not having the same emotional attachment to it. I tried to write that in the [Vuitton] program. The love for the superficial is just as real a feeling.

There's something with people who are sensitive and creative and talented, that instinct is a very huge part. You are very sensitive. Maybe your instincts don't always please people, maybe they don't always strike a chord. But a large part of what I know drives me, and what I imagine drives Miuccia, is something that you could never learn, something you could never calculate, and that's instinct. There's a certain amount of curiosity, a certain amount of boredom, a certain amount of instinct, and there's a whole lot of fearlessness. I do believe instinct plays a big part, besides inspiration and all of that. All those things I think exist within really thoughtful, sensitive, creative people.